Payoneer is a global payment platform for freelancers and online businesses that sell or work across borders. It provides receiving accounts in multiple currencies, takes payouts from marketplaces and networks such as Upwork, Fiverr and Airbnb, and lets you withdraw to a local bank account.
Besides receiving money, Payoneer lets you send payments to contractors and suppliers in other countries. You can request payment from clients in a few clicks, and hold and switch between several currencies inside the account. Account holders who qualify can order a Payoneer card to spend straight from their balance, and Payoneer says card spending earns cashback. Capital Advance offers funding based on your projected future earnings, and a Manager Account shows payments across all your Payoneer accounts in one dashboard.
Payoneer says its platform is built for entrepreneurs, freelancers and business owners who pay and get paid internationally. Online sellers can add Payoneer Checkout to accept credit cards plus wallets like Google Pay and Apple Pay. Payoneer says Checkout suits ecommerce stores, digital services, SaaS companies and online platforms. Checkout includes real-time fraud detection and risk scoring, and card payments usually land in your Payoneer balance within a few business days.
Checkout plugs into shopping carts such as Shopify, WooCommerce, SHOPLAZZA and Shopline. You can connect your account to QuickBooks Online or Xero, and each connected balance gets its own bank feed to simplify reconciliation. Businesses can also link Payoneer to their internal systems through an API, and partners apply through the Developer Portal. Payoneer says help comes from real people, with international support teams working in many languages.
Receiving costs depend on the source: payments from other Payoneer customers are free, marketplace payouts carry whatever fee the platform sets, and clients paying you directly by card, US ACH or US PayPal each carry their own fee. The main cost comes at withdrawal, when converting to a different currency. Fees vary by country and account type, and your account shows the exact figures. Current fees are in the pricing box above.